The value of a stock share in a new technology company has been increasing at a rate of 8.6% quarterly. The initial price of one
2 answers:
Answer:
The equation is :
Step-by-step explanation:
The given rate of interest = 8.6% or 0.086
The initial price of one share was $102.15. An investor plans to sell once the value of one share reaches $233.10.
No, if 't' is the number of quarters since the initial price of one share was set, then the equation that could be used to determine how long it will take the share to reach $233.10 is :
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Answer:
Step-by-step explanation:
Given
Cost = $78,600 when Printing Press = 12
Cost = $82,380 when Printing Press = 19
Required
Determine the linear equation
From the given parameters; Cost is a function of Printing Press
<em>Represent Cost by C and Printing press by x;</em>
<em>This implies that C = f(x)</em>
The given parameters can then be modeled as;
The first step is to calculate the slope, m;
The linear equation can then be calculated using slope formula
Substitute 540 for m and
Multiply both sides by x - 19
Open bracket
Add 82380 to both sides
Hence;